Crain's Detroit Business Names University Bancorp, Inc. Second Fastest Growing Firm in the Greater Detroit Region in 2009
2010年7月21日 - 2:38AM
Marketwired
University Bancorp, Inc. (OTCQB: UNIB) (PINKSHEETS: UNIB) announced
today that Crain's Detroit Business has named it the second fastest
growing firm in the greater Detroit region in 2009. Over the past
five years, our audited revenues have risen from $6,566,819 to
$21,814,739:
2004 $ 6,566,819 2005 $ 9,164,221 2006 $ 8,521,323 2007
$11,077,678 2008 $13,449,856 2009 $21,814,739
President & CEO Stephen Lange Ranzini noted, "We are pleased
to have this recognition of our efforts during the year from one of
the leading media companies in Michigan. During 2009, University
Bank's three largest business units increased their revenue by
between 39% and 323% and our mortgage subservicing, mortgage
wholesale banking and Islamic banking units now represent 90.6% of
the bank's consolidated revenue. Our bank is safe, strong and solid
and is making profits even in these economically challenging
times." According to the IDC bank rating agency, University Bank's
current IDC financial strength rating of 245 makes it the second
highest rated operating bank in the Lower Peninsula of
Michigan.
"These major industry awards are a testament to the track record
of University Bank, its long term involvement in helping grow our
community and the fact that our business units are implementing
strong business plans and are well managed," Ranzini noted.
Ann Arbor-based University Bancorp owns 100% of University Bank
which, together with its subsidiaries, holds and manages a total of
over $8.75 billion in loans and assets. University Bank is an
FDIC-insured, locally owned and managed community bank, and meets
the financial needs of its community through its creative and
innovative services. Founded in 1890, University Bank® is proud to
be selected as the "Community Bankers of the Year" by U.S. Banker
magazine, the recipient of the American Bankers Association's 2009
Community Bank Award and as one of the 12 fastest growing
businesses in the Ann Arbor region by the regional economic
development agency Ann Arbor SPARK.
Full financial information is available at:
http://www.university-bank.com/Bancorp.html.
Contact: Stephen Lange Ranzini President and CEO Phone:
734-741-5858, Ext. 226 Email: Email Contact
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